Donald Trump is going to be the President of the United States. It’s for this reason that investors make moves based upon how he Tweets. As completely asinine as that may sound when you think about for more than three seconds, it’s very true. With one Tweet, the President-elect cost investors a great deal of money.
The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and other) purchases after January 20th.
— Donald J. Trump (@realDonaldTrump) December 12, 2016
In less than 140 characters, Donald Trump rocked the defense sector. Shares of Lockheed Martin, the target of Trump’s Tweet, closed for the day down 2.5%. They weren’t the only ones hit, though. Other defense sector companies fell sharply, including Engility Holdings (down 7.5%), Northrop Grumman (down 2.7%), and Raytheon (down 1.7%).
There are real Americans with real money invested in these companies. When Trump Tweets, they lose. The worst part of the whole situation is that it does nothing more than inflate his ego. He will be able to go in and work his “magic” by cutting better deals when he’s in office. Today, all this does is hurt people and put the defense sector on the defensive. It’s not the brightest move in the world to take the companies responsible for producing the technology that defends this nation and harm their fiscal standing for the sake or arousing his Twitter troops.
You won’t hear much about the damage he’s doing in mainstream media. The liberals love it. Anything they can do to damage Wall Street is a positive. Anything they can do to damage the defense sector is even better. When he can harm both in a single Tweet, they aren’t going to call him out on it. He’s doing the bidding of the same liberals that he’s supported his entire life.
Someone needs to call him out on this. I’m surprised that so few conservatives in the media are pointing out the damage that he’s doing. Where are the interviews with the capitalists who are cowering at the prospect of another Trump Tweet? How much money did they lose today?
It’s one thing to be a tell-it-like-it-is apolitical anti-establishment politician. America can use more of those. What we don’t need is a President-elect who so carelessly harms investors without an upside for the taxpayers. He can apply the art of the deal to renegotiate contracts after he’s inaugurated. In the meantime, Twitter bullying is doing nothing but hurting Americans who happened to invest their hard-earned money into a company that Trump decides to target.